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At the beginning of the current period, Sheridan Company had balances in AcCounts Receivable of $203,500 and in Allowance for
(To record sales) (b) (c) (To reinstate account previously written off) (d)
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Answer #1
No. Account Titles and Explanation Debit Credit
a Accounts Receivables 739000
Sales Revenue 739000
Cash 813450
Accounts Receivables 813450
b Allowance for uncollectible accounts 7198
Accounts Receivables 7198
c Accounts Receivables 7198
Bad debts expense 7198
Cash 7198
Accounts Receivables 7198
d Bad debts expense (26810-(8620-7198) 25388
Allowance for uncollectible accounts 25388
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